Payment Asia Acquires Motion Pay in Canada and Secures MSB Licence
Payment Asia Group has acquired Canadian payment service provider Motion Pay, integrating it into its AlphaPay business. This move strengthens the company's presence in North America and enhances cross-border payment capabilities for merchants across key sectors. In addition to this strategic acquisition, Payment Asia recently obtained a Money Services Business (MSB) licence from Canada’s regulatory authorities. The MSB licence reinforces compliance standards as the group expands its services within the Canadian market. Combined with Motion Pay's merchant network and operational expertise, AlphaPay is now better positioned to offer secure payment solutions that support both local transactions and international commerce. The integration aligns with Payment Asia Group's broader strategy of building a compliant, scalable global payments ecosystem. The company aims to provide merchants access to major digital wallets like WeChat Pay and Alipay as well as traditional systems such as Visa and Mastercard.